Rafter Q Cattle Co. v. Oregon Sun Ranch, Inc.

This suit is one to foreclose a land sale contract by which defendants Oregon Sun Ranch, Inc., Leon and Sharon Gritten, John Lewis, and Zeke Graff agreed to purchase a ranch from plaintiff for the mining of Bentonite clay. The contract provided for a fixed yearly sum to be paid on principal and interest, and for severance payments of $1.10 per ton for all Bentonite removed; the severance payments, up to a maximum amount, were to be applied on the principal balance owing under the contract.

Defendants Leon and Sharon Gritten and Oregon Sim Ranch, Inc., subsequently entered into an agreement…